Johnson & Johnson (JNJ) Receives Average Rating of “Hold” from Analysts
Johnson & Johnson (NYSE:JNJ) has been assigned an average rating of “Hold” from the twenty-two research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $145.33.
Several research firms recently issued reports on JNJ. Citigroup upped their target price on Johnson & Johnson from $140.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Vetr raised Johnson & Johnson from a “sell” rating to a “hold” rating and set a $137.71 target price on the stock in a research report on Monday, October 30th. Zacks Investment Research downgraded Johnson & Johnson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. BMO Capital Markets upped their target price on Johnson & Johnson to $161.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Finally, Leerink Swann reissued an “outperform” rating and issued a $165.00 target price (up from $150.00) on shares of Johnson & Johnson in a research report on Wednesday, October 18th.
Johnson & Johnson (NYSE:JNJ) opened at $140.12 on Tuesday. The stock has a market capitalization of $376,435.19, a price-to-earnings ratio of 24.33, a PEG ratio of 2.85 and a beta of 0.80. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Johnson & Johnson has a 12-month low of $110.76 and a 12-month high of $144.35.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were paid a $0.84 dividend. The ex-dividend date of this dividend was Monday, November 27th. This represents a $3.36 dividend on an annualized basis and a yield of 2.40%. Johnson & Johnson’s dividend payout ratio is presently 58.33%.
Institutional investors have recently modified their holdings of the company. Harding Loevner LP bought a new position in Johnson & Johnson during the 2nd quarter valued at $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Johnson & Johnson by 29.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock valued at $115,000 after buying an additional 200 shares during the period. Lenox Wealth Advisors Inc. increased its stake in Johnson & Johnson by 0.6% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock valued at $116,000 after buying an additional 5 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Johnson & Johnson during the 2nd quarter valued at about $124,000. Finally, Shine Investment Advisory Services Inc. acquired a new position in Johnson & Johnson during the 2nd quarter valued at about $177,000. Institutional investors and hedge funds own 65.70% of the company’s stock.
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About Johnson & Johnson
Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.
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